Common use of ACTIONS PRIOR TO THE CLOSING Clause in Contracts

ACTIONS PRIOR TO THE CLOSING. From and after the Effective Date until the Closing Date and except as permitted or contemplated by this Agreement, the Company and WOHG, respectively, will each: (a) carry on its business in substantially the same manner as it has heretofore; (b) maintain and keep its properties in states of good repair and condition as at present, except for depreciation due to ordinary wear and tear and damage due to casualty; (c) maintain in full force and effect insurance comparable in amount and in scope of coverage to that now maintained by it; (d) perform in all material respects all of its obligations under material contracts, leases, and instruments relating to or affecting its assets, properties, and business; (e) use its best efforts to maintain and preserve its business organization intact, to retain its key employees, and to maintain its relationship with its material suppliers and customers; and (f) fully comply with and perform in all material respects all obligations and duties imposed on it by all federal and state Laws (including without limitation, the federal securities Laws) and all rules, regulations, and orders imposed by federal or state governmental authorities.

ACTIONS PRIOR TO THE CLOSING. From and after the Effective Date until the Closing Date and except as permitted or contemplated by this Agreement, the Company and WOHGEagle Lake, respectively, will each: (a) carry on its business in substantially the same manner as it has heretofore; (b) maintain and keep its properties in states of good repair and condition as at present, except for depreciation due to ordinary wear and tear and damage due to casualty; (c) maintain in full force and effect insurance comparable in amount and in scope of coverage to that now maintained by it; (d) perform in all material respects all of its obligations under material contracts, leases, and instruments relating to or affecting its assets, properties, and business; (e) use its best efforts to maintain and preserve its business organization intact, to retain its key employees, and to maintain its relationship with its material suppliers and customers; and (f) fully comply with and perform in all material respects all obligations and duties imposed on it by all federal and state Laws (including without limitation, the federal securities Laws) and all rules, regulations, and orders imposed by federal or state governmental authorities.